This Report Provides an In-depth Insight of Coronary Stents Market covering all important parameters including development trends, challenges, opportunities, key manufacturers and competitive analysis.

The coronary stents market is estimated to account for US$ 13,879.0 Mn by the end of 2025, escalating at a CAGR of 7.8% during the forecast period from 2018 to 2025, rising from US$ 7,619.4 Mn in 2017. This growth of coronary stents market can be attributed to rising prevalence of the coronary artery diseases, technological advancement, and rising geriatric population. However, the growth of coronary stents market is restrained, due to the stringent regulations & approval of the stents. At the each stage of the clinical trial safety and accuracy of the stents are checked. These factors are likely to hamper the market growth in near future.

However, other factors such as, declining costs of coronary stents, are expected to propel the market for the coronary stents in the coming years. For instance, in February 2018, in India, the National Pharmaceuticals Pricing Authority (NPPA) revised the price of bare metal stents (BES) to US$ 116.03 (INR 7, 660.0) from US$ 109.97 (INR 7, 260.0) and reduced the price of drug-eluting and biodegradable stents to US$ 422.47 INR 27,890.0 from US$ 448.37 INR 29,600.0. The association has also listed other products and their revised prices which are essential accessories used in the stenting procedure, including cardiac guide wires, balloon catheters & guiding wires, cardiac drug eluting balloons or cutting balloons, and cardiac guiding catheters.

The market for coronary stents has witnessed remarkable growth opportunities in Asia Pacific region. Factors such as increasing focus of industry players in India & Japan and rising number of funds & grants in China are likely to propel growth of the market.

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